Terminal automation systems are a combination of hardware and
software, which are utilized for enhanced safety of various types of
terminals. A terminal generally refers to storage facilities of
products such as oil, gas, and chemicals among others. It can also
refer to the distribution centers, from where the products are sent
to the point of sales (POS) locations. Oil terminals are usually
located near the refineries or in close proximity of docks, from
where petroleum products can be discharged by the marine tankers.
Similarly, terminals for chemicals and petrochemicals are also
utilized for safe and efficient storage of chemicals, prior to
transportation to its desired destinations. Additionally, terminals
are also utilized for effective distribution of stored products, via
different modes of transportations, such as roadways, railways and
marine. Hence, the important roles played by terminals has rendered
the need for effective monitoring and heightened security of these
terminals. Terminal automation systems aids monitoring and safety of
these terminals. In general, terminal automation system aids in
coordination of operations, such as receipt, reconciliation, storage
and distribution of products, prevention of fraud, raising alarms for
untoward events and ensuring overall safety of the terminal among
others. It consists of various sub systems and covers a wide variety
of hardware and software solutions. Terminal automation systems
require relatively less real-time process control and can offer
superior transactional capabilities.
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Terminal automation systems market is primarily being driven by the
higher level of safety and security provided by these systems. The
oil & gas industry, coupled with the chemical industry, is slowly
recovering from the recent downturn faced for the past few years.
This has been boosting the demand for terminal automation systems
offering higher safety, effective management and efficient
distribution of these products, as the demand for petroleum products
continue to grow at a fast pace globally. Additionally, the demand
for terminal automation systems is being further boosted by the
recent upgrading of Greenfield terminal infrastructure across the
globe. Such upgrading has increased the application of various
components of terminal automation systems. Furthermore, the growing
regulatory stringency, pertaining to environmental concerns and
public health hazards, has been further boosting the demand for
terminal automation systems. However, factors such as extended
timelines for regulatory approvals and relatively slow recovering
process of the chemical industry have been restraining the growth of
the terminal automation systems market. The recent growth in interest
for shale gas and growing exploration of shale gas can offer unique
growth opportunities for the terminal automation systems market
globally.
The terminal automation systems market, on the basis of architecture,
has been segmented into hardware and software. On the basis of
hardware, the market has been further segmented into sensors,
networking components, programmable logic controller (PLC), access
control systems, and others. Others segment includes flow meters,
valves, actuators, weigh scale etc. Several vendors offer proprietary
software solutions, such as PLC interface and real-time host
interface among others, for these systems. Based on end-use industry,
the market for terminal automation systems has been segmented into
oil & gas, chemicals and others. Oil & gas was the largest
segment in 2016, owing to the presence of large number of terminals
and growing automation of such terminals globally. The global market
for terminal automation systems, by region, has been segmented into
five major regions. They are North America, Europe, Asia Pacific
(APAC), South America and Middle-East & Africa (MEA).
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The major companies of the terminal automation systems market
globally are Schneider Electric SE (France), Emerson Electric, Co.
(The U.S.), ABB, Ltd. (Switzerland), Siemens AG (Germany), Honeywell
International, Inc. (The U.S.), TechnipFMC Plc (The U.K), Rockwell
Automation Inc. (The U.S.), Larsen & Toubro, Ltd. (India),
Implico GmbH (Germany) and General Electric, Co. (The U.S.) among
various other companies.
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